Tag: win

British Prime Minister Theresa May announced tweaks to her much-maligned Brexit deal on Monday, in the hope of winning over lawmakers who overwhelmingly rejected her proposals last week. A major sticking point to her withdrawal deal is an agreement to ensure no hard border returns between Northern Ireland and the Republic of Ireland. “The right way for this house to rule out ‘no deal’ is for this house to approve a deal with the European Union,” she said. May said she would continue to hold furt

British Prime Minister Theresa May announced tweaks to her much-maligned Brexit deal on Monday, in the hope of winning over lawmakers who overwhelmingly rejected her proposals last week.

A major sticking point to her withdrawal deal is an agreement to ensure no hard border returns between Northern Ireland and the Republic of Ireland. Some Brexiteers feel that “backstop” could be used by Brussels as a means to keep Britain within the EU while the Northern Irish Democratic Unionist Party (DUP) is nervous it would lead to Northern Ireland being treated differently from the rest of the U.K.

In a statement to the lower house of Parliament on Monday afternoon, May said she would now discuss with the DUP on how to allay fears among the people of Northern Ireland before returning to negotiate further with Brussels.

However, May said the prospect of a second Brexit referendum did not enjoy majority support and also rejected the growing calls for her to rule out a “no-deal” Brexit as a possibility.

“The right way for this house to rule out ‘no deal’ is for this house to approve a deal with the European Union,” she said.

In what appeared to be some small concession to opponents, May said her government would also guarantee that workers’ and environmental rights would not be eroded post-Brexit and that a £65 ($84) fee for EU nationals applying for settled status would now be abolished.

May said she would continue to hold further meetings on Brexit next week and hoped that opposition leader Jeremy Corbyn would hold talks with her. Corbyn’s response to May’s statement was to accuse her of failing to realize the extent of her defeat last week and that her cross-party talks have been a “sham.”

Prior to the statement, sterling sat at 1.2870 versus the dollar and rose to $1.2890 as she spoke.

Parliament will now debate Monday’s statement from the U.K. leader before a vote on the motion is taken on Tuesday January 29.

The market’s win streak may be just beginning. “It’s got an awfully good track record as a contrary indicator.” Each time the index last year spiked to either record or near record highs, Yardeni found the S&P 500 Index entered correction territory. The S&P 500 closed out the third week of January out of correction. He predicted the S&P 500 will be 15 percent higher from current levels by year’s end.

Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year.

He’s partly building his bull case based on a chart pointing to negative market sentiment.

“At the end of last year the bull-bear ratio, which is something we watch from Investors Intelligence, fell below one,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. “It’s got an awfully good track record as a contrary indicator.”

Each time the index last year spiked to either record or near record highs, Yardeni found the S&P 500 Index entered correction territory. It appears an opposite trend is unfolding right now.

“Bearishness was just so widespread that the market had a technical bounce, and now the fundamentals are going the right way,” added Yardeni.

It’s a scenario he predicted on “Trading Nation” on Dec. 26 as stocks were staging a historic rebound from the Christmas Eve meltdown. According to Yardeni, investors were too pessimistic about a recession, the Federal Reserve’s interest rate policy and the U.S.-China trade war.

“A lot of these things seem to be coming around in the right direction here, and so the markets have done extremely well,” he said.

The S&P 500 closed out the third week of January out of correction. The index now on its longest win streak since August — up four weeks in a row on signs U.S.-China trade tensions may be abating and encouraging fourth quarter earnings reports.

Yardeni said those factors are ultimately driving a year-long powerful market rebound. He predicted the S&P 500 will be 15 percent higher from current levels by year’s end.

“I’m still sticking with 3100 and feel better about it,” said Yardeni, who noted valuation multiples, low interest rates and inflation is setting Wall Street up for a very good year.

Facebook is making yet another attempt to win back teens to its platform — this time, with memes, TechCrunch reported Friday. Facebook confirmed to TechCrunch it is privately testing a hub for memes on its platform, called LOL. Facebook said a small number of U.S. users are testing the app, which replaces its Watch section for videos in the app. Luckily for Facebook, these users seem to be flocking to one of its own apps — Instagram. So far, Instagram has been the exception, not the rule, to Fac

Facebook is making yet another attempt to win back teens to its platform — this time, with memes, TechCrunch reported Friday.

Facebook confirmed to TechCrunch it is privately testing a hub for memes on its platform, called LOL. Facebook said a small number of U.S. users are testing the app, which replaces its Watch section for videos in the app. Facebook told TechCrunch it does not have plans to roll out LOL in Watch and is still determining whether it will become a feature in Facebook’s app or a separate app entirely.

The company did not immediately return CNBC’s request for comment.

Although Facebook was born out of a dorm room, the company has failed to keep a new generation of teenagers interested in its platform. A Piper Jaffray survey released in October said just over a third of teens report using Facebook’s core platform at least once a month, down from 52 percent of teens two years before and nearly two-thirds of teens in Spring 2016.

Luckily for Facebook, these users seem to be flocking to one of its own apps — Instagram. For the first time since the firm started the survey in 2001, Instagram surpassed Snap-owned Snapchat as the most-used social platform by teens.

So far, Instagram has been the exception, not the rule, to Facebook’s courtship of teens. Here are some of the ways Facebook’s tried, and failed, to win over the demographic.

The U.K.’s former Prime Minister Gordon Brown told CNBC that he doesn’t expect a closely-watched Brexit vote on Tuesday to go in the government’s favor.

“I don’t think she’s going to win it,” Brown told CNBC on Monday, a day before British lawmakers were due to vote on Prime Minister Theresa May’s deal to leave the European Union.

May’s “Withdrawal Agreement” faces deep opposition within the parliament and if her blueprint gets shot down, the consequences could be dire. Several potential scenarios could unfold: May’s government could collapse; the U.K. could face a disorderly exit; a second referendum could happen; or the entire Brexit process may get scrapped altogether.

According to Brown, May could even try for another vote in the near future.

Former UK PM Gordon Brown on May’s Brexit vote: ‘I don’t think she’s going to win it’8 Hours AgoGordon Brown, former Prime Minister of the U.K., explains why he thinks his country is headed for even more uncertainty ahead following Tuesday’s Brexit vote.

Asia stocks mostly gained Friday amid improved investor sentiment following overnight gains on Wall Street. The mainland Chinese markets, watched in relation to the ongoing trade war between Beijing and Washington, were higher on the day. The moves followed after officials from Washington and Beijing met for trade talks earlier this week — details about the progress were sparse. U.S. and China have halted an ongoing trade war to try and resolve sticking issues on a number of areas. “There are so

The mainland Chinese markets, watched in relation to the ongoing trade war between Beijing and Washington, were higher on the day. The Shanghai composite was up about 0.74 percent to close around 2,553.83 while the Shenzhen composite gained 0.758 percent to about 1,313.36. The Shenzhen component also rose 0.611 percent to close around 7,474.01.

Meanwhile, Hong Kong’s Hang Seng index gained about 0.5 percent, as of its final hour of trade.

The moves followed after officials from Washington and Beijing met for trade talks earlier this week — details about the progress were sparse. U.S. and China have halted an ongoing trade war to try and resolve sticking issues on a number of areas. Analysts who spoke to CNBC on Friday were divided whether a deal between the two economic powerhouses would be forthcoming.

“I think (U.S. President Donald) Trump wants to have a win and (Chinese leader) Xi Jinping desperately needs to have a win. So, I think they’re gonna come to some agreement … probably in the first quarter,” Andrew Collier, managing director at Orient Capital Research, told CNBC’s “Street Signs” on Friday.

Collier said, however, trade frictions between Washington and Beijing are unlikely to end as “China clearly … is a threat to the United States and plus it has done many things that many countries disagree with.”

Others did not agree.

“There are some that would argue that the Trump administration needs a deal, given that they’re walking into an election cycle in 2020 … I would respectfully disagree,” James Sullivan, head of equity research ex-Japan at J.P. Morgan, said. “What the Trump administration needs to do is incite his base. A deal, by definition, means compromise. Compromise doesn’t incite.”

Payton used a similar motivational tactic to get his team pumped up for a Super Bowl win in 2009. “It was a very Sean type of thing to do, so I thought it was cool,” said Saints defensive tackle Tyeler Davison. Drew Brees, the team’s star quarterback, praised the coach for his extra efforts to keep momentum high as the team prepares for the next game. This Sunday, the Saints will play in an NFC divisional playoff game against the Philadelphia Eagles. If the Saints win this next game against the

Payton used a similar motivational tactic to get his team pumped up for a Super Bowl win in 2009. In the past, according to ESPN, he’s also used creative methods like dressing up as Patriots head coach Bill Belichick and flying in team mascots from the player’s alma maters to get them inspired.

“It was a very Sean type of thing to do, so I thought it was cool,” said Saints defensive tackle Tyeler Davison.

Drew Brees, the team’s star quarterback, praised the coach for his extra efforts to keep momentum high as the team prepares for the next game.

“It was just Sean trying to give everybody a vision, especially the young guys, as to what we’re after and the opportunity we have, especially as the No. 1 seed,” he said.

This Sunday, the Saints will play in an NFC divisional playoff game against the Philadelphia Eagles. Brees, who will turn 40 just two days after the game, is hoping to bring home another win in his 18th season with the league.

In an interview earlier this year with The Washington Post, the quarterback said he has a plan to play in the NFL until he’s 45, and it includes at least one more Super Bowl. If the Saints win this next game against the Eagles, Brees will be one step closer to making that championship goal a reality.

“But first things first,” he tells ESPN, “this game’s the most important game of the season.”

As Brees says the team’s goal right now is for just continue to deliver. “We always expect to go out and execute to perfection,” he says. “So let’s just go play ball.”

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Don’t miss: Drew Brees reveals the daily routine he hopes will let him play football until he’s 45

One Dow stock is about to break its longest win streak ever 21 Hours Ago | 04:32The Dow has been hit hard this year, but one darling of the index has had it even worse. If it closes 2018 with these losses, it will snap its longest yearly win streak ever. “The one thing that is a bit concerning here is this $170 level. “That $170 level is going to be key. Weakness in the housing market will weigh on Home Depot even if it continues to hit its targets, added Gibbs.

The Dow has been hit hard this year, but one darling of the index has had it even worse.

Home Depot has fallen 10 percent this year, tracking for its first negative annual performance since 2008. If it closes 2018 with these losses, it will snap its longest yearly win streak ever.

It’s crucial the stock holds one key level here, according to Todd Gordon, founder of TradingAnalysis.com.

“The one thing that is a bit concerning here is this $170 level. This was the breakout. Of course, we’ve come back, retest. That now offers support because it was formerly resistance,” Gordon said Thursday on CNBC’s “Trading Nation.”

Home Depot was sitting right at $170 on Friday. The stock first broke above that level in November 2017. It hit a record high in September of this year, but has since tumbled 21 percent.

“If the broader market can stabilize, a big name like Home Depot might pop back above the $170,” added Gordon. “That $170 level is going to be key. I don’t care if we break it in spring, fall, winter or whatever. If we get back above, I’d say that’s the green light.”

Erin Gibbs, portfolio manager at S&P Global Market Intelligence, said macro factors could continue to buffet the home improvement retailer.

“Home Depot really has been declining ever since there have been concerns about the U.S. housing market and so that might weigh on the price probably for at least the next quarter if not farther,” Gibbs said Thursday on “Trading Nation.”

Existing home sales have declined every month since February, and the most recent data on new home sales showed a 12 percent slump in October.

Weakness in the housing market will weigh on Home Depot even if it continues to hit its targets, added Gibbs.

“Home Depot is an extraordinarily well-run company. They basically always beat their estimates. … They’re still very strong and expecting to grow faster than the broader economy,” said Gibbs. “But as long as you have these housing concerns weighing on them and people looking for negative revisions that will probably weigh on the price for the next few months.”

Home Depot has beat earnings estimates for every quarter since the October-December period in 2014. The company is next set to report on Feb. 26.

Jackpot winners don’t get all of the money, thanks to federal taxes and, often, state taxes. Whether you take your haul as a lump sum or as an annuity spread out over three decades, your win is reduced by a 24 percent federal withholding. The federal withholding would reduce that by nearly $50.5 million, reducing your take to about $159.7 million. The 24 percent federal withholding would cut that amount by about $42.6 million to about $135 million. Some lottery winners set up their own charitabl

Jackpot winners don’t get all of the money, thanks to federal taxes and, often, state taxes. In fact, Uncle Sam takes a piece before the prize even reaches you.

Whether you take your haul as a lump sum or as an annuity spread out over three decades, your win is reduced by a 24 percent federal withholding.

Mega Millions’ upfront cash payment — the option most winners go with — is $210.2 million. The federal withholding would reduce that by nearly $50.5 million, reducing your take to about $159.7 million. However, because income above $500,000 is subject to a top federal tax rate of 37 percent, you could expect to owe more at tax time.

For Powerball, the cash option is $177.6 million. The 24 percent federal withholding would cut that amount by about $42.6 million to about $135 million.

Should you really do nothing amid all this market volatility? It depends on your age

On top of that, you’ll face state withholding unless you live where lottery wins are untaxed. For states that do take a piece, the rate ranges from a high of 8.82 percent in New York to a low of 2.9 percent in North Dakota, according to lottery site USAMega.com.

In other words, you could end up paying more than 45 percent altogether in taxes, depending on where you purchased the ticket and where you live.

“I see the withholding as a good thing,” said Cari Weston, a CPA and director of tax practice and ethics for the American Institute of CPAs. “When people come into a lot of money all at once, the last thing they’re thinking about is their taxes.”

There are strategies you can employ that reduce your taxable income, and therefore the amount you pay in taxes. For example, you can make a cash donation of up to 60 percent of your adjusted gross income and carry forward, up to five years, any excess amount.

Some lottery winners set up their own charitable foundation and donate a portion of their winnings to it.

Nike shares soared 8 percent on Friday as product innovation and strong online sales helped revenue climb in North America and internationally. So far this year, Nike’s stock is up 16 percent, on pace for its ninth positive year in a decade. Despite Nike’s stock surge Friday, its year-to-date performance has lagged its North American-based competitors Under Armour and Lululemon. The company earned 52 cents per share, beating Refinitiv estimates of 46 cents per share. Nike is regaining market sha

So far this year, Nike’s stock is up 16 percent, on pace for its ninth positive year in a decade. Nike’s jump added about 38 points to Dow Jones Industrial Average at midday. Despite Nike’s stock surge Friday, its year-to-date performance has lagged its North American-based competitors Under Armour and Lululemon.

“Nike is pulling out in front and I see this continuing into the next year, into 2019,” SW Retail Advisors President Stacey Widlitz said on CNBC’s “Squawk on the Street.”

North America sales grew 9 percent, while international revenue increased by 20 percent. Even with trade tensions and an economic slowdown, the Oregon-based company saw sales in China grow by 31 percent, excluding currency fluctuations.

“We expect that company to continue to recapture the share it has lost to Adidas,” Konik’s note said. “However, we find valuation expensive versus peers, and we see [Foot Locker] as a better way to play NKE’s resurgence.”

Shares of Foot Locker rose 5 percent on Friday. Nike shoes make up about 70 percent of Foot Locker’s products.